"Payments Landscape in China: Opportunities and Risks
to 2022", report provides detailed analysis of market trends in the
Chinese cards and payments industry. It provides values and volumes for a
number of key performance indicators in the industry, including cash, cards,
credit transfers, direct debit, and cheques during the review-period
(2014-18e).

The report also analyzes various payment card markets
operating in the industry and provides detailed information on the number of
cards in circulation, transaction values and volumes during the review-period
and over the forecast-period (2018e-22f). It also offers information on the
country's competitive landscape, including market shares of issuers and
schemes.

The report brings together Publisher's research, modeling,
and analysis expertise to allow banks and card issuers to identify segment
dynamics and competitive advantages. The report also covers detailed regulatory
policies and recent changes in regulatory structure.

This report provides
top-level market analysis, information and insights into the Chinese cards and
payments industry, including –

Current and forecast values for each market in
the Chinese cards and payments industry, including debit, credit, and charge
cards.

Detailed insights into payment instruments
including cash, cards, credit transfers, direct debit, and cheques. It also,
includes an overview of the country's key alternative payment instruments.

E-commerce market analysis.

Analysis of various market drivers and
regulations governing the Chinese cards and payments industry.

Detailed analysis of strategies adopted by banks
and other institutions to market debit, credit, and charge cards.

Scope:

In an attempt to reduce fraud and promote the healthy and sustainable development of mobile payment services, China's central bank the People's Bank of China (PBOC) issued the Bar Code Payment Service Specification to regulate QR and barcode payments in December 2017.

The regulation caps payments made by traditional QR codes to CNY500 ($76.86) per day; this can be extended up to CNY5,000 ($768.55) if the payment transaction is verified by two or more authenticating parties such as digital certificates and digital signatures. If a third-party payment institution provides payment services with this technology, it must obtain a network payment service license.

In November 2018, American Express became the first foreign card network to gain approval to establish a network to clear card payments in China. The company has partnered with Chinese fintech Zhejiang LianLian Technology Co to establish a joint venture company called Express (Hangzhou) Technology Services Co.

This new venture will be responsible for setting up the payments network and enabling card processing in China. Both Mastercard and Visa are currently seeking permission to build their own networks in China after Beijing started to allow foreign companies to apply for licenses. In a move to further promote competition, in March 2018 the central bank opened the payments market to foreign third-party electronic payment firms.

The introduction of the 'Notice Concerning Matters in Relation to Credit Card Operations' by the central bank, which came into effect on January 1, 2017, has also driven the credit card market.

The notice gave Chinese banks the right to independently determine credit card rates, minimum repayment amounts, interest-free periods, and overdraft interest rates - which enabled banks to offer tailored credit card products to consumers. The new rule, effective from January 2017, allows banks to offer up to a 30% discount on the credit card lending rate (previously 0.05% per day).